Electric Kettles - Singapore
Singapore- The Electric Kettles market in Singapore is projected to generate a revenue of SGD US$8.67m in 2024.
- According to forecasts, the market is expected to experience an annual growth rate of 2.27% (CAGR 2024-2029).
- In comparison to other countries, China leads the pack with a revenue of SGD US$1bn in 2024.
- When considering the number of households, it is estimated that each household will generate SGD US$4.59 in revenue in 2024.
- Looking ahead, the volume of the Electric Kettles market is predicted to reach 181.2k pieces units by 2029.
- However, there is a slight decline of -0.1% in volume growth expected for 2025.0.
- On average, each household is anticipated to have a volume of 0.10pieces units in the Electric Kettles market in 2024.
- Singaporeans are increasingly opting for electric kettles due to their convenience and energy efficiency in a fast-paced city like Singapore.
- Key regions:
- Indonesia,
- Worldwide,
- China,
- Canada,
- United States
Definition: Electric kettles are a convenient and efficient method for boiling water, eliminating the need for a stove top. These kettles come in various materials, such as stainless steel, glass, and plastic, and offer additional features like adjustable temperature and Wi-Fi control. As tea and coffee culture continues to grow, electric kettles have become a popular choice for both home and workplace settings. This segment excludes teapots, coffee machines, hot-water dispensers, and stove kettles.
Additional information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Stainless-steel electric kettles
- Glass electric kettles
- Plastic electric kettles
Out-Of-Scope
- Hot tea machines/ teapot
- Coffee machines
- Hot water dispensers
- Stove kettles
